ODIGMA - Odigma Consultan
📢 Recent Corporate Announcements
Odigma Consultancy Solutions Limited has officially notified the stock exchanges regarding the closure of its trading window for designated persons. The window will remain closed from Saturday, March 14, 2026, through Tuesday, March 17, 2026. This move is a standard compliance procedure under the SEBI (Prohibition of Insider Trading) Regulations, 2015. Such closures are mandatory to prevent insider trading ahead of price-sensitive information disclosures or board meetings.
- Trading window closure effective from March 14, 2026.
- Window to remain closed until the end of March 17, 2026.
- Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
- The restriction applies to all designated employees and insiders of the company.
Odigma Consultancy Solutions Limited has announced the resignation of Ms. Guddi Bharatbhai Chauhan from the position of Chief Financial Officer and Key Managerial Personnel. The resignation was formally communicated on March 13, 2026, with the reason cited as personal relocation abroad. The company is currently in the process of identifying a successor to ensure a smooth transition in financial leadership. The specific effective date for her departure will be announced by the company at a later stage.
- Ms. Guddi Bharatbhai Chauhan resigned as CFO and Key Managerial Personnel on March 13, 2026.
- The resignation is attributed to personal reasons involving relocation abroad.
- The company has initiated the search and appointment process for a new Chief Financial Officer.
- The effective date of relieving the outgoing CFO will be notified in due course.
Odigma Consultancy Solutions Limited has notified the exchanges regarding the closure of its trading window for designated persons. The window will be closed from February 13, 2026, through February 24, 2026. This measure is taken under the SEBI (Prohibition of Insider Trading) Regulations, 2015. Investors should note that this is a standard regulatory requirement often preceding significant corporate events or financial disclosures.
- Trading window closure starts on February 13, 2026
- The closure period ends on February 24, 2026
- Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015
Odigma Consultancy Solutions reported a weak performance for Q3 FY26, swinging to a net loss of ₹143.97 lakhs compared to a profit of ₹13.91 lakhs in the prior year's quarter. Revenue from operations declined 6% YoY to ₹956.26 lakhs, while total expenses surged to ₹1,178.20 lakhs. The company also announced the re-appointment of Mathew Jose as Managing Director for a three-year term and decided to defer its planned fundraising proposal. Additionally, a minor shift in the registered office within GIFT City was approved.
- Revenue from operations decreased to ₹956.26 lakhs in Q3 FY26 from ₹1,016.76 lakhs in Q3 FY25.
- Reported a net loss of ₹143.97 lakhs for the quarter, a significant decline from a profit of ₹13.91 lakhs YoY.
- Total expenses rose to ₹1,178.20 lakhs, impacted by an exceptional item of ₹18.76 lakhs for new Labour Codes.
- Board deferred the agenda for fund raising to a later date.
- Mathew Jose re-appointed as Managing Director for three years effective May 29, 2026.
Odigma Consultancy Solutions Limited reported a weak performance for Q3 FY26, swinging to a net loss of ₹143.97 lakhs from a profit of ₹13.91 lakhs in the year-ago period. Revenue from operations declined to ₹956.26 lakhs, down from ₹1,016.76 lakhs YoY, while total expenses rose significantly to ₹1,178.20 lakhs. The company also announced the re-appointment of Mr. Mathew Jose as Managing Director for three years starting May 2026 and deferred its fund-raising plans. Segment-wise, the core Digital Marketing business saw a sharp decline in results compared to previous periods.
- Reported a net loss of ₹143.97 lakhs in Q3 FY26 versus a profit of ₹13.91 lakhs in Q3 FY25.
- Revenue from operations fell 5.9% YoY to ₹956.26 lakhs from ₹1,016.76 lakhs.
- 9-month FY26 revenue stands at ₹2,869.72 lakhs, down from ₹3,214.89 lakhs in the previous year.
- Total expenses for the quarter increased to ₹1,178.20 lakhs, driven by higher employee and other expenses.
- Board deferred the agenda for fund raising and approved shifting the registered office within GIFT City.
Odigma Consultancy Solutions reported a weak performance for Q3 FY26, swinging to a net loss of ₹143.97 lakhs compared to a profit of ₹13.91 lakhs in the year-ago period. Revenue from operations declined to ₹956.26 lakhs, down from ₹1,256.69 lakhs in the preceding quarter. The board also decided to defer a previously planned fund-raising proposal to a later date. On the management front, Mr. Mathew Jose has been re-appointed as Managing Director for a further three-year term starting May 2026.
- Revenue from operations fell 23.9% QoQ to ₹956.26 lakhs in Q3 FY26.
- Net loss for the quarter stood at ₹143.97 lakhs against a profit of ₹12.06 lakhs in Q2 FY26.
- 9M FY26 total comprehensive income recorded a loss of ₹125.03 lakhs vs a profit of ₹27.70 lakhs YoY.
- Board deferred the agenda for fund raising to a subsequent meeting.
- Exceptional item of ₹18.76 lakhs recognized due to statutory impact of new Labour Codes.
Odigma Consultancy Solutions reported a weak performance for the quarter ended December 31, 2025, swinging to a net loss of ₹143.97 lakhs from a profit of ₹13.91 lakhs in the same period last year. Revenue from operations declined by 6% YoY to ₹956.26 lakhs, while total expenses surged to ₹1,178.20 lakhs. The company also announced the re-appointment of Mathew Jose as Managing Director for a three-year term and the shifting of its registered office within GIFT City. Crucially, the board has deferred a previously planned fund-raising proposal, which may signal a change in immediate capital requirements.
- Revenue from operations fell to ₹956.26 lakhs in Q3 FY26 compared to ₹1,016.76 lakhs in Q3 FY25.
- Reported a net loss of ₹143.97 lakhs for the quarter versus a profit of ₹13.91 lakhs YoY.
- Total expenses increased significantly to ₹1,178.20 lakhs, impacted by an exceptional item of ₹18.76 lakhs related to new Labour Codes.
- Board of Directors resolved to defer the agenda item pertaining to the proposal for fund raising.
- Mathew Jose re-appointed as Managing Director for three years effective May 29, 2026.
Odigma Consultancy Solutions Limited has submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the period ending December 31, 2025. The company's Registrar and Transfer Agent, Alankit Assignments Limited, confirmed that there are no shares held in physical form. This is a standard regulatory filing required to verify the dematerialization status of the company's equity. The announcement indicates full compliance with depository regulations for the third quarter of the 2025-26 fiscal year.
- Compliance certificate submitted for the quarter ended December 31, 2025
- Registrar Alankit Assignments Limited confirmed 0 shares are held in physical form
- Filing adheres to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Official notification sent to both BSE and NSE on January 9, 2026
Odigma Consultancy Solutions Limited has announced the closure of its trading window for all designated persons starting January 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of financial results for the quarter and nine months ending December 31, 2025. The window will remain closed until 48 hours after the financial results are officially announced. This is a standard regulatory procedure for listed companies to prevent insider trading prior to earnings disclosures.
- Trading window closure starts from Thursday, January 01, 2026.
- Closure is related to the financial results for the quarter and nine months ended December 31, 2025.
- The window will reopen 48 hours after the declaration of the financial results.
- The announcement follows SEBI (Prohibition of Insider Trading) Regulations, 2015.
Odigma Consultancy Solutions Limited has received a GST demand order from the Assistant Commissioner, DGSTO-5, Bengaluru, for the period April 2021 to March 2022. The total demand of ₹16.75 lakhs consists of a tax demand of ₹8.94 lakhs, a penalty of ₹6.92 lakhs, and interest of ₹0.89 lakhs. The dispute arises from the alleged disallowance of Input Tax Credit (ITC) claimed by the company. Management believes the demand is unsustainable under Section 16 of the CGST Act and is evaluating an appeal, stating there is no material impact on financial operations.
- Total GST demand of ₹16.75 lakhs received under Section 73 of the CGST/SGST Act
- Demand includes a penalty of ₹6.92 lakhs and interest of ₹0.89 lakhs
- The order pertains to alleged disallowance of Input Tax Credit for the 2021-22 fiscal year
- Company intends to file an appeal, asserting that all ITC claims were valid and documented
- Management confirms no material impact on the company's financial or operational activities
Financial Performance
Revenue Growth by Segment
Total revenue grew by 49% Y-o-Y in Q2FY26. The company operates in two primary segments: Digital Marketing and Global Top Level Domain Undertaking. Digital Marketing revenue is driven by retainer-based services like SEO and social media management, while the domain registry provides infrastructure-related income.
Geographic Revenue Split
Not disclosed in available documents. The company maintains its registered office in GIFT City, Gandhinagar, and a corporate office in Bengaluru, Karnataka.
Profitability Margins
Profit After Tax (PAT) surged 66% Y-o-Y to INR 12 Lakhs in Q2FY26. The 66% growth in PAT significantly outpaced the 49% revenue growth, indicating substantial margin expansion and improved operational efficiency in the bottom-line focused business model.
EBITDA Margin
Not explicitly disclosed as a percentage, but the 66% Y-o-Y surge in PAT to INR 12 Lakhs suggests core profitability is strengthening as the company shifts toward high-margin retainer contracts which provide better cost absorption than sporadic campaigns.
Capital Expenditure
The company reported a net cash outflow in investing activities of INR 1,980.39 Lakhs for the half-year ended September 30, 2025, compared to an inflow of INR 157.94 Lakhs in the previous year, reflecting significant investment in assets or equity instruments.
Credit Rating & Borrowing
Not disclosed in available documents. The company reported cash and cash equivalents of INR 1,223.40 Lakhs as of September 30, 2025.
Operational Drivers
Raw Materials
As a digital marketing firm, the primary 'raw materials' are human capital and technology infrastructure. Personnel costs and digital tool subscriptions represent the bulk of operational expenses, though specific percentage breakdowns are not provided.
Import Sources
Not applicable for digital services. Operations are centered in Gandhinagar (Gujarat) and Bengaluru (Karnataka).
Key Suppliers
Not disclosed in available documents; however, the company interacts with vendors, banks, and regulators to maintain its digital marketing and domain registry operations.
Capacity Expansion
Not applicable in traditional manufacturing terms. The company is expanding its service capacity by focusing on 'bottom-line' segments like SEO and ORM to build a sustainable foundation for future 'top-line' aggressive growth.
Raw Material Costs
Not applicable for service-based model. The company focuses on managing service delivery costs for social media management and creative design to maintain its 66% PAT growth.
Manufacturing Efficiency
Not applicable. Efficiency is measured by the 66% Y-o-Y growth in PAT, achieved through a strategic shift toward high-margin retainer services.
Strategic Growth
Expected Growth Rate
49%
Growth Strategy
The company is executing a two-phase strategy: first, establishing a stable foundation through 'bottom-line' retainer services (SEO, ORM, social media) that provide consistent cash flow; second, leveraging this stability to aggressively pursue 'top-line' growth through large-scale digital marketing campaigns.
Products & Services
Social media management, Search Engine Optimization (SEO), Online Reputation Management (ORM), creative design work, and Global Top Level Domain (gTLD) registry services.
Brand Portfolio
ODigMa
New Products/Services
The company is focusing on expanding its 'bottom-line' service engagements such as ORM and creative design to drive the 66% PAT growth.
Market Expansion
Following its demerger from Infibeam Avenues Ltd and listing in December 2024, the company is targeting growth in the digital marketing and e-commerce services segment.
Strategic Alliances
The company was recently demerged from Infibeam Avenues Ltd, which provided the initial corporate structure and listing platform.
External Factors
Industry Trends
The digital marketing industry is shifting from sporadic, high-spend campaigns to sustainable, long-term retainer models. ODigMa is positioning itself by prioritizing 'bottom-line' segments to build a stable foundation before scaling.
Competitive Landscape
The company competes in the crowded digital marketing and domain registry space, differentiating itself through its demerger pedigree and focus on profitable retainer segments.
Competitive Moat
The company's moat is built on long-term client relationships and a retainer-based service model that generates consistent cash flow. This is sustainable because services like SEO and ORM are essential, ongoing requirements for modern businesses, creating high switching costs.
Macro Economic Sensitivity
The company is sensitive to digital advertising spend trends; however, its focus on retainer services (SEO/ORM) provides a buffer against macro-economic volatility that typically affects large discretionary ad campaigns.
Consumer Behavior
Increased corporate focus on online reputation and search visibility is driving demand for ODigMa's ORM and SEO services.
Regulatory & Governance
Industry Regulations
The company must comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, Ind AS-108 for segment reporting, and Secretarial Standards SS-1 and SS-2 for board and general meetings.
Environmental Compliance
Not applicable for digital services; however, the company maintains an Internal Complaints Committee for sexual harassment redressal as per the Act of 2013.
Taxation Policy Impact
The company accounts for taxes on its standalone financial results; however, the specific effective tax rate % is not provided in the summary.
Legal Contingencies
The company reported zero (0) complaints filed, disposed of, or pending regarding sexual harassment for the financial year 2024-25.
Risk Analysis
Key Uncertainties
The primary uncertainty is the non-cash impact of fair value changes in equity instruments, which recorded a negative amount in Other Comprehensive Income in H1FY26 due to market fluctuations.
Geographic Concentration Risk
Operations are concentrated in India, specifically with offices in Gujarat and Karnataka.
Third Party Dependencies
Dependency on domain registry protocols and digital platform algorithms (Google/Meta) for service delivery.
Technology Obsolescence Risk
The digital marketing field is subject to rapid technological shifts; the company manages this by maintaining expertise in SEO, ORM, and creative design.
Credit & Counterparty Risk
Total segment assets include INR 7,483.06 Lakhs, which encompasses receivables and investments; the company monitors these to ensure liquidity.